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Property profile & analytics
OFF-MARKET
Estimated value
$4,870,000
Hotels
6040 Scottsdale Rd, Paradise Valley, AZ 85253-5411
Individually Owned
Free & Clear
Property ID
US07-1075837
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1991
Construction
STEEL FRAME
Total area
16,052 SF
Lot
1.55 ac (67,474 SF)
Zoning code
C-2
APN
174-65-016E
UPID
US07-1075837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.87M
Owner & transaction history
6040 N Scottsdale Road Prop Owner L
6040 N Scottsdale Road Prop Owner L
since 2025
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
C-2 · Paradise Valley, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+393.5%
Retail stores
$7.4M
+364.8%
Auto repair, garage
$6.6M
+315.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Paradise Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paradise Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,850,000
Change: +394% · Conversion: Difficult
RETAIL STORES
$7,395,000
Change: +365% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,615,000
Change: +316% · Conversion: Difficult
MEDICAL BUILDING
$5,610,000
Change: +253% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,475,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$3,275,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$4.87M
Range $4.38M – $5.36M · ±10% · vs last sale $5.00M (Dec 8 2025)
Last sale anchor
$5.00M
Dec 8 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$94,409
Tax year 2023
Assessed value
$2,137,377
Assessed 2024
Previous assessed
$1,827,568
+17.0% YoY
Effective rate
4.42%
On assessed value
Land market value
$2,843,300
Improvement market value
$10,110,500
Total market value
$12,953,800
Applied tax rate
481,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Units
126
Total area
16,052 SF
Lot
1.55 ac (67,474 SF)
Zoning code
C-2
APN
174-65-016E
UPID
US07-1075837
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Paradise Valley, AZ
Zoning C-2 · permitted uses
C-2 · Paradise Valley, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paradise Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.9M
RETAIL STORES
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
126
Lot
1.55 ac
Current owner
From public records · entity-resolved
6040 N Scottsdale Road Prop Owner L
Individual
Free & Clear · 0 yrs held
Mailing address
6040 N SCOTTSDALE RD, PARADISE VALLEY, AZ 85253-5411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$5,000,000
6040 N Scottsdale Road Prop Owner L
Hptmi Properties Trust
Special Warranty Deed
—
Jul 6, 2023
—
Hptmi Properties Trust
—
Deed
related
$650,000,000 · Wells Fargo Bank NA
Mar 28, 1996
$12,900,000
H P T R I Corp
H M H Properties INC
Grant Deed
—
Nov 13, 1989
—
Marbeth Ltd
Alamos Asc
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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